Fundtech, a market leader in global transaction banking solutions, today announced that it has signed a teaming agreement with BCS Information Systems (BCSIS), a Singapore-based financial solution provider. Under the agreement BCSIS will promote, implement and be a center of excellence for Fundtech's Global PAYplus in Asia-Pacific.
Banks throughout the region are investing in new payment systems in order to provide world-class services, and support the growth of global commerce their commercial clients are experiencing. New payment innovations such as Singapore's Real Time Payments are also driving the evolution of payment systems in commercial banks.
Ricky Lim, managing director of BCSIS, said: "Fundtech's vast experience enabling global banks to enhance their payments offerings coupled with BCSIS's proven track record in payments innovation and implementation, is a unique combination that will bring great value to financial services organizations. We are very pleased to partner with Fundtech to bring payments best practices to help commercial banks maximize customer returns by reducing operating costs in an increasingly challenging and commoditized marketplace."
According to Gil Gadot, president of Fundtech Asia: "Partnering with BCSIS strengthens our presence in Asia-Pacific, a critically important growth market for us. Working together, we will be able to develop and deliver advanced payment systems that will help banks reduce their costs by streamlining operations, while improving the end-user experience with new and improved features. We are delighted to partner with BCSIS, a well-established provider to the financial services industry in the region."